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Re: Cassandra post# 192298

Sunday, 11/06/2005 10:17:54 PM

Sunday, November 06, 2005 10:17:54 PM

Post# of 358440
Stocks and Other Securities

The sale of stock or other securities is not permitted on eBay.

Violations of this policy may result in a range of actions, including:

* Listing cancellation
* Limits on account privileges
* Account suspension
* Forfeit of eBay fees on cancelled listings
* Loss of PowerSeller status

Some Examples

Examples of items not allowed on eBay:

* All stocks, bonds, and investment interests in any entity or property, including but not limited to corporations or partnerships, other than the exceptions permitted below for cancelled certificates and single-share gifts.
* Credit (for example, you may not sell $1000 in credit to a buyer).
* Solicitations to invest money in any business venture.
* Any portion of an ongoing business.
* 100% of any ongoing business if the sale involves a transfer of any stock in that business.
* Documentation that represents proof of a current investment interest in any entity.
* Notes (except as specifically permitted under our Real Estate Rules).

Some business-related items are not "securities" and may be listed on eBay. Examples of items that can be sold:

* 100% of the assets of a business (inventory, lease, good will) where no transfer of stock is involved.
* Information about how to start a business.
* Any sale of inventory, leases, fixtures.
* "Turn key" businesses such as vending machines or windshield repair kits.
* Tools used for a business, such as silk screening machines or photo mug equipment.
* Websites or domain names.
* Old or collectible stock certificates, provided that such stock certificates are cancelled or represent an interest in an entity that no longer legally exists.
* Single-share stock certificates marketed for gift purposes rather than investment purposes, provided that the certificates are marked and advertised as non-transferable, the ownership is not transferred into the name of the purchaser, and the minimum sale price is more than twice the current exchange trading price of the underlying single share security.

Why does eBay have this policy?

The U.S. Securities and Exchange Commission regulates the sale of stocks and other security interests that represent a current investment ownership interest in an entity, and efforts by individuals to raise money or find investors for businesses. Such regulations place substantial restrictions on an individual's ability to sell such items on the Internet through eBay, and therefore eBay does not permit the sale of these items.


Ref: http://pages.ebay.com/help/policies/stocks.html


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-- Warren Buffett

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